Singapore's general insurance sector recorded positive results for both the offshore and domestic segments with a combined 15% increase in GWP to S$9.34bn ($7bn) in 2022, according to the latest statistics released yesterday by the General Insurance Association of Singapore (GIA).
China's fifth insurance mutual has entered the market with the formal inauguration of China Fisheries Mutual Insurance Society in Beijing on 17 March 2023.
The Strategy and Budget Office (SBO) of the Turkish Presidency has estimated total damages in the agriculture sector at around TRY24.2bn ($1.3bn) arising from the destructive 6 February earthquakes in southern Turkiye.
Global electronics industry is likely to face a threat from semiconductor supply chain according to a new report by Lloyd's and WTW.
A recent survey has revealed that almost half (49%) of the participating companies have already replaced workers with ChatGPT, the AI tool that emerged on the scene only in November 2022.
The premium production of insurance brokers who provide digital insurance services reached IDR3.88tn ($254m) in 2022, surging by 112% over 2021.
Many pet insurance products have emerged on the market in recent years, providing a variety of medical, hospitalisation, and other areas of coverage, notes the Hong Kong Consumer Council.
The Strategy and Budget Office (SBO) of the Turkish Presidency has published a preliminary analysis of the financial impact of the destructive 6 February earthquakes in southern Turkiye, using post-disaster needs assessment methodology.
For the first time, many non-life insurance companies have decided to link the pricing of fire insurance policies to the claims experience.
Since 20 March 2023, insurance companies have not been required to pay claims from policyholders with mild COVID-19 symptoms.